Disclosure of Reserve Quantum in the Extractive Industries

@inproceedings{Mirza2001DisclosureOR,
  title={Disclosure of Reserve Quantum in the Extractive Industries},
  author={Malik Mirza and Ian Zimmer},
  year={2001}
}
  • Malik Mirza, Ian Zimmer
  • Published 2001
  • Business, Economics
  • We explore why some firms in the extractive industries disclose mineral reserve quantum in their annual reports and others do not. We propose that the firms' reserve disclosure policies are a function of the extent of information asymmetries, as well as information production, litigation and proprietary costs. More specifically, we propose that a firm's decisions to disclose reserves in the annual report are a function of the stage of the firm's operations, use of project financing, and the… CONTINUE READING

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